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Michael Woodham Involved in Million Dollar  Investor Dispute Alleging Misrepresentation

Michael Woodham (CRD #: 6154452), a broker formerly registered with Merrill Lynch, Pierce, Fenner & Smith Incorporated, is involved in an investor dispute alleging misrepresentation. This is according to his BrokerCheck record, accessed on April 12, 2022. 

The investor is seeking $1,053,743一the case is still pending.

Misrepresentations concerning material facts in investment recommendations deprive investors of the information they need to assess risks associated with a particular investment. 

FINRA Rule 2020 prohibits brokerage firms and stockbrokers from making material misrepresentations or inducing people into buying investments with false statements about their potential benefits. This unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor. 

Losses that can be attributed to a stockbroker’s material misrepresentations of facts may result in a viable securities arbitration claim for damages.

Background Information

Michael Woodham has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 10 – General Securities Sales Supervisor – General Module Examination
  • Series 9 – General Securities Sales Supervisor – Options Module Examination

Besides Merrill Lynch, Pierce, Fenner & Smith Incorporated, Michael Woodham has not worked with any other firm.

Kurta Law Can Help

If you suffered losses after working with Michael Woodham, don’t hesitate to contact us today at 877-600-0098 or for a free consultation.

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.